Stock Market Update
11-Jul-24 15:30 ET
Stocks hold steady in front of close; Treasuries settle with gains
Dow +26.56
at 39747.92,
Nasdaq -346.56
at 18300.89,
S&P -47.56
at 5586.35
[BRIEFING.COM] The market is holding steady in front of the close. The S&P 500 (-0.8%) and Nasdaq Composite (-1.8%) trade near session lows.
Treasuries settled with solid gains. The 10-yr note yield declined nine basis points to 4.19% and the 2-yr note yield fell 12 basis points to 4.51%. This price action was in response to the cooler-than-expected CPI report. Today's $22 billion 30-yr bond reopening met weak demand.
Market participants will receive the following economic data on Friday:
- 8:30 ET: June PPI (Briefing.com consensus 0.1%; prior -0.2%) and Core PPI (Briefing.com consensus 0.1%; prior 0.0%)
- 10:00 ET: Preliminary July University of Michigan Consumer Sentiment (Briefing.com consensus 67.5; prior 68.2)
